St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-30
FINANCIAL.
w York.

New YORK. March 29-Money on call easy
at B 10 Z per cent, closing at BOA. Prime mer-
camille paper, 500. Sterling exchange was
dull, but steady and unchanged. For the first
time in many weeks the money market be-
came Il factor in the course of prices. and
Notwithstanding The fact that the entire
street is talking in favor of higher figures as
long as money held up, the stock market has
sagglng tendency. The rates for stocks
were in process of adjuS tmeDt to those for
NOR ey, and this was an iuducement to any
operators to take the profits shown in the
operations of the past four days 1t is also
believed that the policy of the leaders is to
prevent Il material advance until after April
settlements. The market showed some de-
gree of strength in early dealing. and
London was liberal buyer at the
time of day, but the steady pressure of
stocks for sale slowly forced prices down url-
Ill late in the day. when the casing of the
rates for money encouraged buying, and q
squirt in New England and the Wabash gave
more character to the dealings. New England
was affected, first. by the declaration of the
dividend, and, secondly. by rumors of new
deal by which the company will be gamer.
The only thing new IN Wabash was the an
nouncement that the purchasing committee
is ready to redeem the receivers certificates.
The movement also spread to the other
GoulG stocks. Union Pacific was the special
feature of the forenoon, trading being ex-
tremely active and strong upon the preSi-
dents report The remainder of the list were
without special feature of Importance.
The opening was active and strong, the ad-
vances over last evenings final quotations
varying from 3 to a per cent Union Pa
clfc and Fort Worth were active and strong,
but the general list soon developed a declin-
ing tendency. This heaviness became more
pronounced toward noon, though the losses
were measured by fractions only. Later the
market became decidedly dull and extremely
devoid of feature, but after p. m. the move
ment in New England began, and the general
market responded slowly. In the last hour
there was considerable more business, and
prices were brought up to the neighborhood
of opening figures. The close being moder-
atey active and firm to strong, the changes
for the day are for the most part for Insight
cant fractions only and advances are slightly
in majority. The only important changes
i'll New York g. New England, which gained
155 per cent Railroad bonds were
moderately active, and prices in
the snajorty of the list were
firm to steady. Sales to-day aggregated
81, 500. 000. While there was no specially i'm
portant movement final prices generally show
advances. Grand Rapids AID Indianapolis
general IS rose = to 90; mahoning Coal lists, 2
to 1O6; Central Pacific (San joaquin brapch),
258 to 1158; Texas g. New Orleans Sabine di-
trust receipts, 81 to so; Indiana, Blooming
ton Il Western incomes receipts. 2 to 80. Gov
eminent bonds were dull and steady to firm.
State bonds were dull and steady. The total
sales of stocks to.day were 304, 09S, including:
Canada Southern 9,6l5 Reading :. 49,. %, $50
Erie. IA, 240St. Paul. ...... .10,3lO
Louis. s. NASH. 1866 Texas Pacific ....15, 10
Missouri Pacific. 1855 Union Pacific. rs, 075
Northwestern. 9,400 Western Union. Ii, $40